18273 GRAYFIELD Street, Detroit, MI 48219

$15,000 Asking Price

3 beds
1 bath
1,212  sqft
Built in 1912

Great investment opportunity on this Old Redford bungalow waiting on you to bring it back to life! Located within walking distance to Telegraph, shopping and dining. This home is down to the studs, yet clean! Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.


Features & Amenities

Interior

Basement:
Unfinished
Heating:
Hot water, Natural gas

Exterior

Style:
Bungalow
Pool:
None
Parking:
One car garage, Detached

Construction

General:
Brick, OneandOneHalf, Basement, Block

Location

Road/Access:
Paved
Originating MLS:
Realcomp II Ltd
School District:
Detroit
County:
Wayne

Lot

Zoning:
Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2023. W GRAYFIELD 8 N 25 FT 7 PHILBRICK & CROSS SUB L26 P88 PLATS, W C R 22/379 75 X 136.47, 22120436.

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
Bellabay Realty Tri Counties, Natasha C Richards

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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